CNBC’s “Speak Alley” team discusses what’s subsequent for cannabis stocks as weed turns into legalized in extra states all around the country with Vivien Azer of Cowen. For earn entry to to reside and contemporary video from CNBC subscribe to CNBC PRO:
Voters in four states on Tuesday greenlighted measures to legalize and tax recreational marijuana for adults.
Arizona, Montana, Sleek Jersey and South Dakota enjoy joined the 11 states which enjoy already legalized recreational pot.
Those varied states are Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont and Washington assert.
Meanwhile, Washington, D.C., permits adults age 21 and over to comprise up to 2 oz. of marijuana and permits for the transfer of up to an ounce to 1 other adult — but that it is possible you’ll well perchance also peaceable be arrested for promoting it.
Voters also well-liked measures for medicinal marijuana in Mississippi and South Dakota.
“Sleek Jersey legalized it, but so did deep-red South Dakota and Montana,” stated Steve Hawkins, executive director of the Marijuana Policy Project. “It displays that no topic political ideology or celebration variations, American increase cannabis legalization.”
It also helps that levying factual pot may perhaps well reduction states toughen their coffers amid the contemporary financial downturn. It comes correct down to their technique to the tax, coverage specialists stated.
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